Oman: Silversmiths Ware Market 2022

Silversmiths Ware Exports

Exports from Oman

In 2021, approx. X kg of articles of goldsmiths’ or silversmiths’ wares of silver were exported from Oman; with a decrease of -X% against the year before. Overall, exports, however, saw prominent growth. The pace of growth appeared the most rapid in 2018 with an increase of X% against the previous year. As a result, the exports attained the peak of X kg. From 2019 to 2021, the growth of the exports failed to regain momentum.

In value terms, silversmiths ware exports reduced to $X in 2021. Over the period under review, exports, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 with an increase of X% year-to-year. As a result, the exports attained the peak of $X. From 2019 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Germany (X kg), the UK (X kg) and Italy (X kg) were the main destinations of silversmiths ware exports from Oman, with a combined X% share of total exports.

From 2012 to 2021, the biggest increases were in Germany (+X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) remains the key foreign market for silversmiths ware exports from Oman, comprising X% of total exports. The second position in the ranking was occupied by Italy ($X), with a X% share of total exports.

From 2012 to 2021, the average annual growth rate of value to Germany amounted to +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Italy (+X% per year) and the UK (-X% per year).

Export Prices by Country

The average silversmiths ware export price stood at $X per ton in 2021, waning by -X% against the previous year. In general, the export price recorded a drastic downturn. The pace of growth was the most pronounced in 2013 when the average export price increased by X% year-to-year. The export price peaked at $X per ton in 2014; however, from 2015 to 2021, the export prices remained at a lower figure.

Prices varied noticeably by the country of destination: the country with the highest price was Germany ($X per ton), while the average price for exports to the UK ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Germany (+X%), while the prices for the other major destinations experienced a decline.

Silversmiths Ware Imports

Imports into Oman

In 2021, the amount of articles of goldsmiths’ or silversmiths’ wares of silver imported into Oman reduced markedly to X tons, declining by -X% against the previous year's figure. Overall, imports, however, posted significant growth. The most prominent rate of growth was recorded in 2013 when imports increased by X% year-to-year. Imports peaked at X tons in 2020, and then contracted rapidly in the following year.

In value terms, silversmiths ware imports reduced notably to $X in 2021. Over the period under review, imports, however, posted significant growth. The growth pace was the most rapid in 2013 when imports increased by X% against the previous year. Over the period under review, imports reached the maximum at $X in 2020, and then fell markedly in the following year.

Imports by Country

In 2021, Singapore (X tons) constituted the largest silversmiths ware supplier to Oman, accounting for a X% share of total imports. Moreover, silversmiths ware imports from Singapore exceeded the figures recorded by the second-largest supplier, Switzerland (X tons), fourfold. France (X kg) ranked third in terms of total imports with a X% share.

From 2012 to 2021, the average annual growth rate of volume from Singapore amounted to +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Switzerland (+X% per year) and France (+X% per year).

In value terms, the largest silversmiths ware suppliers to Oman were Singapore ($X), Switzerland ($X) and France ($X), with a combined X% share of total imports.

Singapore, with a CAGR of +X%, recorded the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average silversmiths ware import price stood at $X per ton in 2021, reducing by -X% against the previous year. Overall, the import price saw a perceptible contraction. The pace of growth appeared the most rapid in 2013 an increase of X% year-to-year. As a result, import price reached the peak level of $X per ton. From 2014 to 2021, the average import prices remained at a somewhat lower figure.

Prices varied noticeably by the country of origin: the country with the highest price was Switzerland ($X per ton), while the price for Italy ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Singapore (+X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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